What is a Definition of Joint Venture?

A typical Joint Venture is where: 
1. Two parties, (individuals or companies), incorporate a company in India. Business of one party is transferred to the company and as consideration for such transfer, shares are issued by the company and subscribed by that party. The other party subscribes for the shares in cash. 
2. The above two parties subscribe to the shares of the joint venture company in agreed proportion, in cash, and start a new business. 
3. Promoter shareholder of an existing Indian company and a third party, who/which may be individual/company, one of them non-resident or both residents for the help www.jointwebventures.com collaborate to jointly carry on the business of that company and its shares are taken by the said third party through payment in cash. 
Some practical aspects of formation of international joint ventures and the prerequisites which the parties should take into account are enumerated herein after. Selection of a good local partner and a good consultant is the key to the success of any joint venture.
Once a partner is selected generally a Memorandum of Understanding or a Letter of Intent is signed by the parties highlighting the basis of the future joint venture agreement.

Types of Joint Venture Arrangements
Joint Venture arranges may range from independent joint ventures to forming a jointly owned company and a range in between. It depends on the needs of a company to see what kind of arrangement bests suits it. A Joint Venture consultant can walk you through various options and help you set up optimal Joint Venture for your company in a cost-effective manner.


Joint Venture Steps 

We provide Joint Venture solutions through the following Process:
• Situation Analysis - Analyzing the company's requirements and identifying the "outsourceable" components.
• Joint Venture Options & Planning - Analyzing various options ranging from sub-contracting to co-opetiton and planning Joint Venture model which is most appropriate in the circumstances.
• Contracts & Agreements - Drafting all the Joint Venture contracts. 

How to Draft an Joint Venture Agreements? 
A good Joint Venture agreement is one which provides a comprehensive road map of the duties and obligations of both the parties. 
It minimizes complications when a dispute arise. However, many a times people neglect to pay attention while drafting an Joint Venture agreement.
Before finalizing an for the help www.joint-venture-guide.com. Joint Venture agreement, the terms should be thoroughly discussed and negotiated to avoid any misunderstanding at a later stage. Lawyers from all applicable jurisdictions must be consulted before finalizing any Joint Venture agreement.
Every Joint Venture agreement should be modified as applicable under different circumstances. One brush should not paint all the painting. 

WHY JV CONSULTANTS ARE REQUIRED?
Some benefits, that make hiring a consultant a perfect business sense, are given below.
• They are objective to Customer Operations but out of their Corporate Power Games.
• They have been there done that and can replicate it again for their customers and just as the customers want it.
• They are clued in and can transfer skimmed information and best practices.
• If forming international joint venture, they can behave as a one-stop shop for entire Project Management. 
• Local knowledge is yet another key that they hold.

The roles of JV Consultants have changed the following being prominent:

1. Facilitative

2. Contributive 

3. Consultative

4. Project Consultative
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Selection of a consultant will vary depending upon what your objective is. if you are looking at international joint venture, then you need someone who is capable of being a facilitator who understands the business practices and legal knowledge of both the countries.